1) executing trades with the intent to exclude other participants or their representatives, on two separate occasions; and 2) failing to make an enquiry through the message facility and wait the prescribed period prior to executing trades.

Failed to actively engage in the operations of the business and failed to meet the standards expected in the roles of sole director, key person and fit and proper person. UMS was likely to contravene the credit legislation.

Meenakshi Devi Callychurn banned from engaging in credit activities for five years, and cancelled the Australian credit licence of her company Unique Mortgage Services Pty.

Market manipulation of shares in a company quoted on the U.S. Over-the-Counter Bulletin Board (OTCBB).

McLeary pay to the BCSC the $91,308.56, as well as an administrative penalty of $800,000. Both Hainey and Williams were each ordered to pay administrative penalties of $700,000. Also, permanently banned each of them from B.C.’s capital markets.

Committed numerous securities-related infractions, including fraud, illegally distributing securities, and withholding information from BCSC investigators and instructing their employees and investors to do the same.

Disgorge to the Commission the $14 million obtained as a result of their misconduct and permanently cease-traded Bossteam E-Commerce.

Permanently prohibited from becoming or acting as a director or officer of any issuer or registrant, trading or purchasing securities or exchange contracts, acting as a registrant or promoter, engaging in investor relations activities, and acting in a management or consultative capacity in connection with the securities market. (Life time Ban) $14,050 obtained as a result of his misconduct, as well as an administrative penalty of $30,000.

Agreed to pay to the BCSC $8,775 in respect of settlement of this matter. Also prohibited from trading in securities (with limited exceptions), and from becoming or acting as a director, officer, promoter, or registrant for a period of two years. Also banned, for the same period, from acting in a management or consultative capacity in connection with the securities market, and from engaging in investor relations activities.

Administrative penalty of $30,000 and prohibited, for a period of one year, from becoming or acting as a registrant, and from acting in a management or consultative capacity in connection with the securities market.

Both men admitted to acting contrary to the public interest when they worked together to avoid B.C. securities laws.

Morrice has agreed to resign from any position he holds as a director or officer of any issuer (with limited exceptions). He is prohibited, for 12 years, from becoming or acting as an officer or a director of any issuer (with limited exceptions), becoming or acting as a registrant or promoter, acting in a management or consultative capacity in connection with the securities market, and engaging in investor relations activities. Byrne is prohibited, for a period of four years, from becoming or acting as an officer or a director of any issuer (with limited exceptions), becoming or acting as a registrant or promoter, acting in a management or consultative capacity in connection with the securities market, and engaging in investor relations activities.

Agreed to pay to the BCSC $29,469 in respect of settlement of this matter. He is also prohibited from trading in securities (with limited exceptions), and from becoming or acting as a promoter or registrant for a period of five years. Sam is also banned, for the same period, from acting in a management or consultative capacity in connection with the securities market, and from engaging in investor relations activities.

Downing has agreed to pay to the BCSC the US $3,231 she earned in commissions. She is also prohibited from trading in securities (with limited exceptions), and from becoming or acting as a promoter or registrant for a period of three years. Downing is also banned, for the same period, from acting in a management or consultative capacity in connection with the securities market, and from engaging in investor relations activities.

Michael Patrick Lathigee and Earle Douglas Pasquill, jointly directed and controlled a group of companies called the Freedom Investment Club (FIC Group)

Fraudulently raised a total of $21.7 million through the sale of securities to 698 investors without telling the investors important facts about the financial condition of corporate respondents FIC Group and FIC Foreclosure.

Lathigee was ordered to pay a $15 million administrative penalty to the commission, and to resign any position he holds as an officer of a director of an issuer or registrant. The panel ordered that Lathigee be permanently banned from trading in securities, purchasing securities or exchange contracts, and from becoming or acting as a director or officer of any issuer or registrant. He is also permanently prohibited from becoming or acting as a registrant or promoter, from engaging in investor relations activities, and from acting in a management or consultative capacity in connection with the securities market. Pasquill was ordered to pay a $15 million administrative penalty to the commission, and to resign any position he holds as an officer of a director of an issuer or registrant. The panel ordered that Pasquill be permanently banned from trading in securities, purchasing securities or exchange contracts, and from becoming or acting as a director or officer of any issuer or registrant. He is also permanently prohibited from becoming or acting as a registrant or promoter, from engaging in investor relations activities, and from acting in a management or consultative capacity in connection with the securities market.

Found to have perpetrated a market manipulation that led to a misleading appearance of trading activity in, or an artificial price for, shares in a company listed on the TSX Venture Exchange (TSX-V).

Jointly and severally liable to pay to the commission $7,332,936 obtained as a result of their misconduct. Thalbinder Poonian pay to the commission an administrative penalty of $10 million; Sharon Poonian pay to the commission an administrative penalty of $3.5 million; Robert Leyk pay to the commission an administrative penalty of $3.5 million; Manjit Sihota pay to the commission an administrative penalty of $3.5 million; and Perminder Sihota pay to the commission an administrative penalty of $1 million.

Undertakes to pay $5,000 to the BCSC, and he has agreed to a three year ban from acting as an officer or a director of any issuer except Lowprofile. He has also agreed to successfully complete courses on the duties and responsibilities of corporate officers and directors.

McCabe was ordered to pay to the commission the $2,776,993 obtained as a result of his misconduct, as well as an administrative penalty of $1.5 million. The panel also ordered that McCabe resign any position he holds as an officer of a director of an issuer or registrant. He is permanently banned from trading in securities, purchasing securities or exchange contracts, and from becoming or acting as a director or officer of any issuer or registrant (with limited exceptions). He is also permanently prohibited from becoming or acting as a registrant or promoter, from engaging in investor relations activities, and from acting in a management or consultative capacity in connection with the securities market. The panel ordered that Speckert resign any position he holds as an officer of a director of an issuer or registrant. He is banned from trading in securities, purchasing securities or exchange contracts (with limited exceptions), and from becoming or acting as a director or officer of any issuer or registrant for five years. He is also prohibited, for the same period, from becoming or acting as a registrant or promoter, from engaging in investor relations activities, and from acting in a management or consultative capacity in connection with the securities market.

For violating articles of The Prevention and Suppression of Money Laundering and Terrorist Financing Law and paragraphs of the Directive DI144-2007-08 of 2012 for the Prevention of Money Laundering and Terrorist Financing.

In relation of non notification of a material change ( website addresses), non compliance regarding initial capital, organizational structure, head office location, organizational requirements, for non notification of the intention to provide investment services freely within the territory of another Member State or/and a third country, for withholding material information (non disclosure of Company’s activation), and for the non submission of capital adequacy forms.

Violations regarding the sections of the Law L144(I)/2007 for Establishment of a CIF branch in the Republic and for the provision of false, or misleading information or details or documents or forms, or the withholding of material information from any application or notification submitted to the Commission.

Violations regarding Continuous CIF obligations in respect of Persons who effectively direct the business of a CIF, Organisational requirements, requirement to establish, implement and maintain an internal operation manual, Safeguarding of clients financial instruments and funds, Changes in the persons who effectively direct the business of CIF and regarding the provision of false, or misleading information or details or documents or forms, or the withholding of material information from any application or notification submitted to the Commission.

Reagrding Section 139(2) of the Law refers to the provision of false, or misleading information or details or documents or forms, or the withholding of material information from any application or notification submitted to the Commission.

Violating the Investment Services and Activities and Regulated Markets Law of 2007, the Directive DI144-2007-01 of 2012 for the Authorisation and Operating Conditions of CIFs, the Directive DI144-2007-02 of 2012 for the Professional Competence of Investment Firms and of the Natural Persons Employed by Them and other laws.

Non-submission by the Management Company, within three (3) months from the grant of its operational licence, of a certification by the Depositary regarding the deposit of the Common Fund’s initial assets.

Suspicions of alleged violations of: Section 28(1) of the Law, ‘Continuous CIF obligations’, due to the Company’s possible non compliance with the condition if its authorization provided for in section 18(2), paragraphs (i) and (j), of the Law, ‘Operational requirements – Clients’ funds’, as specialized in Part VI of the Directive DI144-2007-01 of 2012, ‘Safeguarding of clients’ funds’.

Articles of the Law for: CIF must at all times comply with the conditions under which authorisation was granted as provided on Article 13 of the Law regarding CIF Shareholders and Article 18 (2) (d) regarding organisational requirements.

For violation of Article 36 (1) (c) and Paragraphs 14 and 16 of the Directive DI144-2007-02 of 2012, for violation of Article 36 (1) (d) And Paragraphs 15 & 16 of the Directive DI144-2007-02 of 2012, for violation of Article 40 (2).

For violation of Article 6 (9) A CIF is prohibited from conducting any other business, beyond the services or/and activities stated in its authorisation and Article 28 (1) A CIF must at all times comply with the conditions under which authorisation was granted as laid down in Part III of the Law. The company has not notified CySec its close relation with another company.

Non complaince with sections of the Law in relation to clients’ funds and the Law regarding The Prevention and Suppression of Money Laundering Activities Law, in relation to the procedures followed for the prevention of money laundering.

Section 18(2)(j) of the Law, ‘Operational requirements – Clients’ funds’, and Part VI of the Directive DI144-2007-01 of 2012, ‘Safeguarding of clients’ funds’ and Section 18(2)(h) of the Law and section 58(a) of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007, as in force.

Non compliance with paragraphs 39(2) and 39(5), Chapter C of the Directive DI144-2007-05 of 2012, Submission of information), and paragraphs 18(1)(a) ??? 18(3) of the Directive DI144-2007-06 of 2012 (Frequency of disclosure and date of reporting of large exposures).

Articles of the Law for: Continuous CIF obligations, Establishment of a CIF branch in another member state or and a third country, Freedom to provide investment and ancillary services or and perform investment activities by a CIF in another member state or and a third country, General obligations.

Provided unauthorised payment services in Germany by accepting funds on its own accounts in Germany in order to process payment services transactions and by targeting the German market with its offer to provide payment services. The authorisation granted by the CNB did not extend to the provision of cross-border services.

Prohibits from providing unauthorised money-remittance business in Germany

Is conducting deposit business without the required authorisation from BaFin. Life Performance GmbH's request to order suspensory effect of the objection to BaFin's order was rejected by the Administrative Court (Verwaltungsgericht) in Frankfurt am Main in a decision of 21 July 2014.

Orders to wind up its unauthorised deposit business. Required to repay investors the funds accepted without undue delay and in full.

Manjeet Mohal sentenced to 10 months imprisonment, suspended for two years and 180 hours of community work. Reshim Birk sentenced to 16 months imprisonment, suspended for two years and 200 hours of community work.

Involvement in operating an unauthorised collective investment scheme through three land banking companies, a) Plott UK, b) European Property Investments (UK) Ltd and c) Stirling Alexander Limited as a result of which over 110 investors lost at least £4.3 million.

Sole shareholder of NMB while controlling New Life. Made illegitimate transfers totalling £1,000,000 from New Life to NMB without the knowledge of the other New Life directors. Fabricated false email exchange and falsified a bank statement to mislead New Life's auditors.

Lacking honesty and integrity following a criminal conviction for fraud in the US. In 2014 Mr Robson pleaded guilty in the US for his role in a conspiracy to manipulate Rabobank’s Yen LIBOR submissions to benefit trading positions.

Fraud, engaging in fictitious transactions, and trading noncompetitively, in violation of the Commodity Exchange Act and CFTC regulations. Neither Li nor Kering Capital has ever been registered with the CFTC.

Federal Court in Florida Orders a civil monetary penalty of $100,000 and a restitution award of $447,342, and permanently bans IGCPM and Papastavrou from registering, trading, soliciting, and engaging in other CFTC-regulated activities, following CFTC enforcement actions.

U.S. District Court issued an emergency Order freezing and preserving assets under Defendants’ control and prohibiting them from destroying documents or denying CFTC staff access to their books and records, following CFTC Charges.

Restitution totaling $322,852.71 and a $200,000 civil monetary penalty. The Order further imposes permanent trading and registration bans and requires them to cease and desist from violating Section 4(a) of the Commodity Exchange Act.

Precious metals and futures fraud, misappropriation, engaging in illegal off-exchange precious metals transactions, and registration violations, in violation of the Commodity Exchange Act and CFTC Regulations from October 2011 to the present.

Central District of California entered an emergency restraining Order freezing assets and prohibiting the destruction or concealment of books and records of Defendants, following a complaint filed by CFTC.

Operating a fraudulent foreign currency (forex) commodity pool in violation of the Commodity Exchange Act (CEA) and CFTC Regulations. In addition, none of the Defendants has ever been registered with the CFTC, as required.

$1,047,288, plus interest. Additionally, JTF and Belesis were suspended for two years and jointly and severally fined $100,000, and JTF's Chief Compliance Officer Joseph Castellano was suspended for one year and fined $50,000.

Used misleading promotional material, recommended and/or placed trades that did not serve the best economic interests of the customers and failed to maintain adequate books and records and diligently supervise the firms' operations.

Permanently barred the two companies from membership and their director to withdraw from NFA membership for four years.

Emergency enforcement action because Mawad has misappropriated pool participant funds and improperly used pool participant funds for expenses which should have been paid by Mawad or the pool operator.

Both suspended from NFA associate membership, prohibited from disbursing or transferring any funds of customers, pool participants, investors or pools over which they control, without NFA's prior approval and must repay the money they misappropriated and improperly used from the RNS Fund.

Following a complaint forwarded by the Texas State Securities Board that suggests Worley and McElhannon were using misleading and deceptive promotional materials.

Emergency enforcement action. Suspended from NFA membership and associate membership. They also are prohibited from disbursing or transferring any customer funds over which either McElhannon, Worley or any person acting on behalf of McElhannon exercises control, without prior approval from NFA.

Aspirant Management violated NFA Rules by improperly taking loans and advances from Aspirant LP, a commodity pool that it operated, and that Aspirant Management, Luckow Group and Luckow misused pool assets.

Permanently withdraw from NFA membership. Also has ordered Paul D. Luckow, not to register as an AP or be principal of an NFA Member CPO or CTA. Finally, Aspirant Management, Luckow Group and Luckow also were ordered to pay a total fine of $20,000.

Diamond Head Capital LLC, eFloorTrade LLC, John A. Moore—the sole principal of both firms, and Christopher T. Moore—an associated person of both firms.

Repeated failure to detect suspicious activity, a failure to implement adequate procedures to verify the identity of customers and whether customers were required to be CFTC-registered and NFA Members, and a failure to ensure that books and records were correct.

Diamond Head Capital LLC, to permanently withdraw from NFA membership. Also fined eFloorTrade LLC, John A. Moore and Christopher T. Moore each $15,000.

Operating a Ponzi and pyramid scheme. All defendants violated the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and registration provisions Section 5(a) and 5(c) of the Securities Act.

Improperly allocating to his personal and business accounts certain options trades that appreciated in value during the course of a trading day while allocating to his clients other trades that depreciated in value.

Agreed to be censured and to cease and desist from committing or causing similar violations in the future. They also agreed to administrative proceedings to determine whether they should be ordered to return their allegedly ill-gotten gains, pay penalties, or both based on their violations.

Fraud Charges and seeks final judgments ordering permanent injunctions, return of allegedly ill-gotten gains with interest, and financial penalties. The SEC also seeks to bar Landry from serving as an officer or director of a public company or participating in a penny stock offering.

Alleges that Taylor and Poulson defrauded more than 100 investors out of $5 million invested through accounts at Equity Trust, and that Equity Trust was a cause of violations of Section 17(a) of the Securities Act of 1933 by Taylor and Poulson.

The matter will be scheduled for a public hearing before an administrative law judge for proceedings to adjudicate the Enforcement Division’s allegations and determine what, if any, remedial actions are appropriate.

Brian J. Ourand misused his discretionary authority and control over the accounts of several clients to steal approximately $670,000 over a five-year period.

The matter will be scheduled for a public hearing before an administrative law judge for proceedings to adjudicate the Enforcement Division’s allegations and determine what, if any, remedial actions are appropriate. SFX and Mason agreed to pay penalties of $150,000 and $25,000 respectively.

Fraud charges for violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Exchange Act of 1934 as well as Rule 10b-5, and Sections 206(1), 206(2) and 206(4) of the Investment Advisers Act of 1940 as well as Rule 206(4)-8, and also Section 17(a)(1) and (3) of the Securities Act, Section 10(b) of the Exchange Act, and Rule 10b-5(a) and (c)

Fraud charges for:violating the antifraud, reporting, recordkeeping, and internal control provisions of the federal securities laws and laws which prohibit registration and sale of stock in blank , still in progresscheck companies

Fraud charges for violating Section 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act and Rules 12b-20, 13a-1, and 13a-13, sections 10(b) and 13(b)(5) of the Securities Exchange Act of 1934 and Rules 10b-5 and 13b2-1

Tried to conceal from investors that they have been barred from the industry, sold unregistered stock shares

Fraud charges and asset freeze for violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 as well as Section 10(b) of the Securities Exchange Act of 1934 along with Rule 10b-5 and Section 13(a) of the Exchange Act and Rules 12b-20, 13a-1, and 13a-13

Fraudulently using money from three investment funds, Ponzi-like scheme

Charges for violations on Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, and Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8

Charges for violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 and Sections 206(1), 206(2) and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8

Subscribe

Subscribe

Subscribe and receive our exclusive Newsletters and e-mail Updates.

Copyright of this web site or any part hereof belongs to GP ONESTOPBROKER, unless otherwise stated.

Permission is hereby granted for the personal, non-commercial downloading, printing, transmission and temporary storage of any materials on this web site. All other use of the materials, in whole or in part (including without limitation reproduction, permanent storage, re-distribution and incorporation into other materials or web pages) is prohibited without the prior written consent of GP ONESTOPBROKER.

Every item and in general the content of the Website may be amended, completed, deleted or updated at any time without notice at GP ONESTOPBROKER’s absolute discretion. Read More

Risk Warning: Trading financial instrument involves high risks. Before start trading you should be aware of all the risks associated and the possibility of loss of your invested capital. Information contained in this website is not necessarily real-time or accurate. Read More

Legal Disclaimer: onestopbrokers.com is operated by GP ONESTOPBROKER, a registered trade name of GP Global Ltd.

Cookies Policy: We use cookies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audience is coming from. By continuing to navigate our website without changing your cookies settings you hereby acknowledge and agree to the use of cookies. Read More

We use cookies to improve your browsing experience on our website. To find out more, please read our Privacy Policy and Cookies Policy, been updated and became effective May 24, 2018.
By continuing to navigate our website without changing your cookies settings, or by clicking 'Ok', you hereby acknowledge and agree to OneStopBrokers use of cookies.OkRead more